Introductory Microeconomics

An Introduction to Microecononomics

5.00 (3 reviews)
Udemy
platform
English
language
Social Science
category
Introductory Microeconomics
86
students
3 hours
content
May 2021
last update
$44.99
regular price

What you will learn

Basics of Microeconomics

Principles of Microeconomics

Demand & Supply

Cost, Revenue & Forms of Market

Input Markets

Why take this course?

A comprehensive study on 'Introductory Microeconomics' is designed keeping in mind the Principles of Microeconomics as part of syllabus covered for high school undergraduates at central universities in different parts of the world. At 'The Saviour Academy', we welcome you all to learn such a platform wherein we'll be focusing upon the most important concepts from the examination perspective used under 'Introductory Microeconomics' such as "Production Possibility Frontiers", "Demand & It's Elasticity", "Supply & It's Elasticity", "Consumer Choice & Indifference Curve Theory, "Income & Substitution Effects" as well as 'Forms of Market' like its "Perfectly Competitive Market", "Imperfect Competition", "Monopolistic Competition", "Monopoly" and "Input Markets" with the help of technical tools, educational software and indeed with a lot of self-explanatory diagrams in a three-dimensional platform and then we say it had revolutionized the method of smart classes very well.

  • Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption.

  • Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics.

  • Microeconomist formulate various types of models based on logic and observed human behavior and test the models against real-world observations.

  • I hope this would be a great learning experience and will enhance your overall knowledge skill set about different topics from Introductory Microeconomics.

Content

An Introduction to Economics

1.GENERAL PERSPECTIVE, WHY STUDY ECONOMICS, BRANCHES AND METHODOLOGY OF ECONOMIC
2.THE PRODUCTION POSSIBILITY FRONTIER (PPF) - A SOLUTION TO ECONOMIC PROBLEM

Forms of a Market Structure - An Introduction

3.FORMS OF A MARKET STRUCTURE

Demand, Supply & It's Elasticity

4. LAW OF DEMAND,TYPES OF DEMAND AND IT'S DETERMINANTS, SHIFTS AND MOVEMENT
5.LAW OF SUPPLY & ITS DETERMINANTS, SHIFTS IN SUPPLY & MOVEMENT ALONG SUPPLY
6.ELASTICITY AND IT'S APPLICATIONS
7. CONTROL ON PRICES - HOW THE GOVERNMENT BINDS THE CONSUMER OR PRODUCER BY IT'S
8.TAXES

Consumer's Choice

9.BUDGET CONSTRAINT
10.REPRESENTING CONSUMER'S PREFERENCES USING ORDINAL APPROACH-INDIFFERENCE CURVE
11.DECOMPOSITION OF INCOME EFFECT AND SUBSTITUTION EFFECT
12.DERIVING THE DD CURVE AND SPECIAL CASE OF GIFFEN GOODS- DD CURVE SLOPES BACK
13.HOW DO WAGES AFFECT LABOR SUPPLY CURVE - WHEN LABOR SUPPLY CURVE BENDS BACK

Costs & Production and Perfect Competition

14. COSTS AND PRODUCTION
15.WHY LRAC IS U-SHAPED RELATIONSHIP BETWEEN SRAC'S AND LRAC
16.PERFECT COMPETITION

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Introductory Microeconomics - Screenshot_01Introductory Microeconomics - Screenshot_02Introductory Microeconomics - Screenshot_03Introductory Microeconomics - Screenshot_04

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1829956
udemy ID
7/31/2018
course created date
9/16/2020
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